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The governor of California, Gavin Newsom, released his budget proposal of $ 80, 000 million dollars to fund what he called the California Return Plan. The first announcement was the second round of stimulus checks state, this time for those with annual incomes of up to $ 75, 000 Dollars and did not receive aid during the first round.
Newsom estimates that, in total, Two-thirds of the state’s residents will receive financial aid . This translates into 11 million low- and middle-income Californians . For both the first and second rounds, it is necessary for taxpayers to file their tax return from 2020, even if they are not required to do so. The deadline to do so ends this Monday 17 May.
What should we know about Newsom’s direct payments announcement
Some of the most important keys of the The new stimulus check from the Californian governor are the following:
– As it is a proposal from the State Executive, has yet to get the endorsement of the Legislature . Not just the direct payment to Californians but the entire Governor’s budget plan.
– The stimulus check program would be funded with $ 8, 000 millions of dollars of the $ 100, 000 millions of dollars that Newsom proposes to allocate to the budgets of the golden state.
– The Californian recovery plan is would finance largely thanks to the remainder of the state coffers, which amounts to $ 75,700 millions of dollars. California, like the rest of the states, will also receive federal funds.
– The residents of California with annual income of $ 75, 000 dollars or less would be entitled to receive $ 600 dollars of financial aid, as long as they did not receive it in the first round.
– The families with dependent children will receive, in addition to the $ 600 dollars, other $ 500 Dollars. That is, a total of $ 1, 100 dollars .
– The undocumented families will receive another $ 500 dollars in direct payments , According to the document Informational from the Governor’s Office.
How was the first round of the Californian stimulus check
The first batch of checks $ 600 state stimulus stimulus, which the state tax authority (FTB, for its acronym in English) began broadcasting on 15, was d primarily aimed at low-income or undocumented residents . Some of the characteristics of this direct payment are:
– The beneficiaries of the Credit can receive the direct payment California Earned Income Tax (people earning less $ 28, 000 dollars) or those who file taxes with ITIN (as many undocumented immigrants) and have annual income of $ 75, 04 dollars or less .
– Residents who are in the two situations mentioned in point above qualify to receive a total of $ 1, 200 dollars.
– In addition to belonging to at least one of the aforementioned groups, eligible individuals must be California residents on the day the payment is issued , having been residents of l golden status for more than six months of the year 2020 and cannot be claimed as a dependent of another person.
– The date the aid reaches Beneficiaries varies depending on when you filed the tax application. In general, those who receive a paper check will have to wait a few 60 days from the day of the request and those who obtain a direct deposit, 45 days.